Franklin Federal Tax-Free Income Fund Class R6 is a mutual fund designed to provide investors with income that is exempt from regular federal income taxes. Its primary focus is on investing at least 80% of its assets in investment-grade municipal securities, making it particularly appealing to investors seeking tax-advantaged income. By concentrating on municipal bonds, the fund plays a significant role in facilitating capital for public infrastructure and community projects across the United States, while also offering diversification within the municipal fixed-income market. The fund is characterized by a substantial asset base and a relatively low expense ratio, aligning with the interests of institutional or large-scale investors due to its high minimum investment requirement. With monthly dividend distributions and an emphasis on prudent risk management, Franklin Federal Tax-Free Income Fund Class R6 is structured to help investors preserve capital while gaining exposure to the national municipal bond sector, ultimately addressing the needs of those prioritizing steady, federally tax-free income over speculative appreciation.